DOVER EXPANDS PRESENCE IN PROGRESSIVE CAVITY PUMP

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DOVER EXPANDS PRESENCE IN PROGRESSIVE CAVITY PUMP



Dover Corporation (NYSE: DOV) today announced that it has acquired Oil Lift Technology, a highly-respected designer and manufacturer of progressive cavity pump products within the artificial lift systems market, based in Calgary, Alberta, Canada.  Terms of the transaction were not disclosed.  To get more news about bryson pump, you can visit brysonpump.com official website.

Oil Lift will become part of Norris Production Solutions ("NPS"), an operating unit within Dover's Fluid Management segment.  NPS is a leading manufacturer and provider of integrated products and solutions across the artificial lift spectrum for oil & gas production.
Progressive cavity pumps are one of the fastest growing segments within the artificial lift market. Oil Lift products are used extensively in artificial lift applications around the world, and the company has developed a strong reputation for innovation and customer service that has enabled it to become a market leader.  Oil Lift employs over 150 people in facilities within Canada, the US, and Australia.  The company has a strong international focus with significant activity in Latin America and the Middle East.

"This acquisition is an excellent strategic fit for Norris Production Solutions that will allow us to offer customers an expanded product line and enhanced technical service capabilities," said Dan Newman, President of Norris Production Solutions.  "Our ability to combine Oil Lift's premium brand drive systems, power units and pumps with the NPS artificial lift products further supports our long-standing commitment to providing our customers with premium brand solutions for their artificial lift needs. We are pleased to welcome the Oil Lift team to NPS."

Oil Lift Technology, Inc. is a leader in Progressing Cavity Pumping (PCP) products including drive systems, power units, and pumps for the oil & gas marketplace. Oil Lift is recognized globally for their technology, and service leadership. The company has a global customer base and has products in operation all over the world. The company is headquartered in Calgary, Alberta, Canada.

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